Bagehot, Walter, was born at Langport, Somersetshire, in 1826, and educated at University College, London, under Professors De Morgan and Long, taking a high degree at the London University. Though called to the bar in 1855 he took to his father's banking business, and devoted his leisure to writing on financial and political subjects. He contributed to the National Review (not the publication now bearing that name), and helped to edit it, and for the last seventeen years of his life was editor of The Economist, which was founded by his father-in-law, the Right Hon. James Wilson. His chief works are Lombard Street, The English Constitution,, Physics and Politics, Treatise on Depreciation of Silver, and Essays on Parliamentary Reform. His style is bright and vigorous, and his political views are generally original and striking. In economic science he followed Ricardo without sacrificing his independence. He died in 1877.